Mumbai's Real Estate is Unbelievably Cheap: Donald Trump

♠ Posted by at Friday, September 12, 2014 in ,,,,,,,, at Friday, September 12, 2014
Donald Trump means business in India. It is a massive and under-priced market, says the American realty tycoon who was in the country for the launch of his Mumbai project.



Your real estate is unbelievably cheap,” Donald Trump tells Forbes India. His Indian customers would raise both brows at this assertion. Not only are property prices generally considered unaffordable, consider that the American realty tycoon is currently selling apartments in Trump Tower, Mumbai, in the Rs 9 crore to Rs 18 crore range. These are the best-in-class rates in the country. But he quickly goes on to explain: “Mumbai is a great city and yet it is not priced like other comparable cities. It is priced lower than cities that are less important. That gives investors a tremendous amount of growth potential.” Read More..

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